Needing 165 to beat Rajasthan, Bangalore were cruising at 75 for one in the ninth over with de Villiers (53) and Parthiv Patel (33) well set before the wheels came off their chase courtesy of some poor shot selections by subsequent batsmen.
In the termination letters, RIL mentioned that the business has been impacted by the slowdown and the company was not in a position to continue with their employment. Employees who would resign will get one month's salary as compensation. When contacted, an RIL spokesperson declined to comment on the development.
News channel NewsX, which was sold last year by INX Media following a financial crunch during the global economic meltdown, is set to be relaunched under a new brand within the next few months
There are "grave implications" of the current economic downturn for 1.5 million people of Indian origin working and living in Britain, according to the Indian Workers Association.
Brown's resignation follows that of Citigroup's South Asia CEO, Sanjay Nayar, who has quit the financial services major to join Kohlberg, Kravis, Roberts & Co as its Country Chief.
Because of global economic meltdown and stimulus packages provided to industry.
Australian left-arm fast bowler Mitchell Johnson admitted that a bitter row with his mother led to his meltdown during this year's Ashes, which Australia lost.
Last year, India was ranked second in global FDI flows after China. While China continues in the top place, the US climbed up to second place this year, thanks to a surge in investments by Chinese and Indian companies, who acquired several sick American firms.
The finance ministry on Wednesday said the surge in foreign capital inflow in the country, powered by initial recovery in the global economy, is not a cause for concern at present and no specific action is required to arrest it.
With the stimulus measures primarily comprising cut in indirect taxes, the Survey said there is likely to be a shortfall in tax collections under these heads.
Finance -- the most battered sector by the global meltdown -- is making a strong comeback.
"The EU economy will emerge from recession in the second half of this year, although for 2009 as a whole, GDP is still set to fall by some four per cent."
Fearing the "inevitable" global recession following the US financial meltdown, Japanese Prime Minister Taro Aso said the magnitude of the turmoil was increasing in "seriousness" and wanted the international community to make "concerted efforts" to tackle the crisis.
The Economic Survey, to be tabled in Parliament on Thursday, is likely to provide an assessment of the impact of the global financial meltdown on the Indian economy and outline the strategy to spur growth and contain the mounting fiscal deficit.
However, the number of confirmed cases reported by states rose by over 500 to cross 3,000 with at least 90 dead. While Maharashtra, Telangana and Delhi disclosed several new cases of the deadly virus infection, government officials said the numbers have risen in last few days mostly due to one event -- referring to the Tablighi Jamaat's religious gathering in the national capital attended by thousands of people last month.
Once a simmering volcano of emotions that could erupt at any moment, Australian Open champion Serena Williams appears to be heading down a path that may perhaps lead to her being renamed Serene.
Barn owl, an endangered species, has come under increased threat in Kerala's Western Ghats, one of its natural habitats, with many recession-hit businessmen from some states seeking it for sacrifice in the belief that it will help them tide over the meltdown.
Cases such as Vodafone and E*Trade are scaring foreign investors away, says Nishith M Desai.
Battered by the financial meltdown, AIG had received billions of dollars from the US government last year to tide over the turmoil. The leading insurer has also shed assets worldwide to streamline its operations.
World number one Serena Williams survived a mid-match meltdown to beat Czech Lucie Safarova 6-3, 6-7(2), 6-2 to win the French Open on Saturday, her 20th Grand Slam singles trophy.
'With a strong customer base, we will continue to focus on customer-centric services, offer integrated full services, a global delivery model, tap emerging markets and increase our non-linear capabilities.'
With the financial meltdown eating into global economic growth, including India's own, External Affairs Minister Pranab Mukherjee, who also holds the finance portfolio, warned that ignoring rural economy could prove to be disastrous. "Global financial institutions need to put more resources for developing countries in rural economy, build social infrastructure... The government will take further steps to ensure labour-intensive sectors are less adversely affected," he said.
An engineer, laid off in December 2008, remained unemployed for a year but did not lose hope. Today, he has a job with double the salary his previous employer paid him.
The global economic meltdown and the gas dispute between the Ambani brothers may trip India's largest ever auction of oil and gas blocks as the two factors are likely to keep major foreign firms from bidding, the sector regulator feels.
Official figures show that immigrants have taken four out of every five new jobs in Britain since 1997.
Citigroup will soon announce what its executives describe as a drastic plan to shed a host of businesses and shrink itself by one-third, a leading financial daily said on Wednesday, citing people familiar with the bank.
The most marked development of the year was the Rs 10,000 crore (Rs 100 billion) Satyam financial scam, disclosed by the founder B Ramalinga Raju, forcing the government to redraft rules for corporate governance and auditing standards.
Since September last year, when everyone realised that the global economic meltdown could not be wished away, industry groups have been dishing out data on job losses. Among these is the Confederation of Indian Textile Industry, which said a million jobs had been lost in the last financial year. Most textile companies expect the situation to improve by October this year.
Terrorism and recession could do little or nothing to stop Indians from travelling. Here are the places that were most popular on the tourists' maps this year.
The Federation of Indian Export Organisations said there was no 'serious consideration' for the exporters in the measures announced by the government last week to stimulate the Indian economy, reeling under the impact of global meltdown. The government, in the stimulus package, had provided for an interest subvention of two per cent up to March this fiscal subject to minimum rate of interest of seven per cent.
In 2008-09, the industry grew by over 16 per cent at $46.3 billion.
The gross domestic product growth rate during April-June 2009 at 6.1 per cent was higher than 5.8 per cent in the previous quarter, though it witnessed a decline when compared to 7.8 per cent economic expansion recorded during the corresponding period of the last fiscal. The government and Reserve Bank of India have been maintaining that the Indian economy will grow by six per cent growth with upward bias.
By the way, Federal Reserve chairman Ben Bernanke said while the banking and financial systems will need to stabilise first, at the moment he is seeing "green shoots". About time, considering all the fertiliser scattered around.
Prime Minister Manmohan Singh will preside over a full Planning Commission meeting on September 1 for the mid-term appraisal of the Eleventh Five-Year Plan period (2007-12).
Secretaries' panel fails to arrive at a decision. Sources told Business Standard the commerce ministry felt that the delay would add to the cost for the government as more and more factories could shut shop.
The sheer speed of the decline could help revive demand and clean up the market quickly.
The International Monetary Fund (IMF) and the World Bank (WB) has said the current global economic crisis is turning into a human calamity as it has hit millions of poor people across the world.
The rating agency expects that key fiscal indicators of state governments -- revenue deficit and gross fiscal deficit - may deteriorate from 2009 though the impact will begin to be felt in the current fiscal. It further said that the adverse effect of lower revenue growth will be aggravated due to higher development and non-development expenditures.
The move comes almost a decade after lenders were seen encouraging customers to use alternate channels such as automated teller machines, phone banking and internet banking instead of branches in an attempt to cut costs. ICICI has started an initiative 'Just step in' aimed at establishing direct connection with the customers. A customer walking into an ICICI branches is now being greeted by placards and badges which says 'just ask'.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances